Provenance Blockchain vs XDC Network

XDC Network (XDC) is 1.7× the size of Provenance Blockchain (HASH) by market capitalisation. Over the past 30 days, XDC is ahead by 31.3 percentage points (HASH -18.6% against XDC +12.7%). Their daily returns move barely in opposite directions (correlation -0.21 across 59 shared trading days). HASH has been the more volatile of the two, at 159% annualised against XDC's 62%.

Correlation: -0.21
Size ratio: 1 : 1.7
Ahead over 30 days: XDC

Provenance BlockchainHASH

$0.006228

24h: -0.69%
Market cap: $372.60M
Volume 24h: $2,058
Volatility (ann.): 159%

XDC NetworkXDC

$0.031357

24h: +1.43%
Market cap: $625.46M
Volume 24h: $23.35M
Volatility (ann.): 62%

HASH 37.3%Share of the two combined market caps62.7% XDC

Performance

HASHXDC

7 days-16.31%-4.16%XDC
30 days-18.65%+12.70%XDC

Correlation

-0.21over 59 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	HASH	XDC
Max drawdown (400d)	-30.9%	-11.8%
Risk-adjusted return (90d)	-0.10	0.26

Relative strength over 90 days: XDC outperformed HASH by 28.3% — measured on the HASH/XDC ratio, so it holds regardless of market direction.

Provenance Blockchain →XDC Network →